Objectives
Fundamental Investment Principles and Objectives
Maximize Current Income Generation
- Income producing, stand alone commercial properties with long term leases tied to indices such as CPI for annual increases
- Diversification - tenant, sector, geography
Wealth Preservation and Protection of Shareholders Investment
- Capital preservation with capital growth
- Mission critical real estate with sound fundamentals of underlying tenants
Capital Appreciation, Acquiring Investments with Potential for Capital Growth
- Maximizing differential between cap rates and cost of funding
- Development of strategic partnerships with end users of real estate
- Portfolio development through continued asset aggregation
Analyze Credit Worthiness of Tenant
- Top down research - macro fundamentals
- Bottom up analysis - micro fundamentals
- Credit analysis of underlying tenants
Assess Real Estate/ Market Fundamentals
- M&A and financial analysis
- Review & benchmarking of underlying asset level trading performance
- Key due diligence metrics - valuation, environmental, technical, insurance, legal, tax, accounting
Structure Appropriate Terms and Principles
- Optimization of purchase structure
- Maintaining of independence between transaction managers and investment committee